Regulator eases compliance for government-securities-only FPIs, waiving some disclosures while keeping fees and 30-day reporting

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....The regulator amends FPI rules to ease compliance for foreign portfolio investors that invest exclusively in government securities (GS-FPIs). GS-FPIs are exempt from furnishing investor-group details, certain disclosure/eligibility provisions, periodic declarations of no-change, and some information-update obligations; they must still pay registration fees. Material changes must be reported within 30 days. Transition procedures are provided for onboarding or converting between regular FPIs and GS-FPIs, including divestment and demat-account safeguards. Custodial KYC reviews for GS-FPIs will align with bank KYC periodicity. Changes take effect February 8, 2026.....